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continue in greece and spain as those governments plan severe spending cuts on wages and pensions. leaders in spain expect a soft recession and aim for a 4.5 gdp, with an emphasis on cuts versus tax hikes. in greece, government officials approved an austerity package with spending cuts and fresh tax revenues needed to secure eu-imf loans. the government found nearly 400,000 jobs that went un- reported. each year, the labor department revises employment data. a preliminary revision shows 386,000 more jobs were created in the year ending in march than were reported, which means at least an extra 30,000 jobs were added each month, translating into 133.2 million people working versus 132.8. the .03% job gain is within the standard range of revisions. labor relations observers say the u.s. is seeing a rise in labor disputes leading to public protests and walkouts within the last year-and-a-half. in our cover story, why is labor using these tools, and will it continue? from public employees in wisconsin and chicago to the private sector - at american airlines, caterpiller and nfl referees - labo
. workers are protesting the government's austerity measures. government officials submitted a draft of the 2013 budget yesterday that calls for a new wave of deep cuts which will save $10 billion next year. workers will protest proposed cuts to salaries, pensions and other benefits. last week, 50,000 people in athens demonstrated against austerity. wages in china are going up - by some estimates, about 17% a year. it is providing china's growing middle class with more money to buy goods, though inflation is not helping. but it may also drive up the cost of making some of those products there, as well. in our cover story, who gains as china's employee base moves up? despite china's present economic slowdown, the story of its workforce recently has been of migration from farm to factory. 25 million made the move in 1990. last year, that figure grew to 158 million. it has increased china's productivity and competitiveness. but lately, that workforce is demanding more. "they increasingly learn that there's a big gap in what they earn and some other people." the wage gap in narrowing. tw
regarding the united states, but also in those skirmishes between turkey and syria regarding the government in syria and the civil war that's taking place there. likewise the rapid devaluation of the iranian currency being fueled by hyperinflation seeing significant middle eastern money using a flight to quality trade by purchasing gold. > > speaking of which, everybody is talking about gold this week. is there too much bull? is it time to become a contrarian? > > i don't think so. gold has some interesting winds at its back. for example, today the ecb and bank of england met and kept rate policy the same, so we continue to see global inflationary policies out of central banks. likewise there continues to be union strife and worker strife in south africa, which will contribute to the metal. and then of course, as i mentioned, tension in the middle east is seeing significant middle eastern financial concerns buy gold in a flight-to-safety trade. > > have a good friday on this jobs friday john. > > thank you. looking ahead, this year's fourth quarter may be the best for job seekers since just
-paying jobs after receiving the government money. in 2011, the senate voted unanimously to end unemployment payments to jobless millionaires. however, it was attached to another bill which is yet to pass in the senate. a bailout for spain is "not imminent." that's according to the country's prime minister, who told reporters yesterday that plans to request a bailout are not set in stone. stocks reacted negitively yesterday on the news. many investors have expected spain to request bailout money in order to push down its high borrowing costs. moodys will release a review of the country's sovereign debt this month. some are predicting spain's rating could be lowered to "junk status." meanwhile, greece is running short on time. government officials held a new round of talks with foreign lenders. officials need to clinch a deal before meeting up with eurozone ministers next week. all greek citizens have been displaying their frustrations with severe cuts in salaries, pensions and benefits. european leaders still question whether the austerity measures will actually happen. there was some shine
figure out how to do that - and there's lots of ways of doing it: you can have the government spend more money, you can give money back from the government and have the small businesses spend it in tax relief. either side will work. the problem is being sort of half-pregnant and trying to do both. > > michael alter from surepayroll. thanks so much. > > thanks for having me. still ahead, some shiny opportunities for gold and silver are catching one trader's eye. he'll tell us how to play them, next. traders are mining for trading opportunities in silver and gold. bill baruch of just happens to be one of those traders. good morning to you bill. > > good morning. > > what do you see in the gold or silver market that looks attractive to you right now? > > what i do like is the silver/gold ratio at the moment: dividing the price of silver into gold. it's achieved two separate levels in the past three years. heading into 2009, when gold was hovering right below $1,000, the market had a ratio just above 80. and then when silver made the run to $50 last year, last spring, the ratio
and electronics. earlier in the week, 3m announced it had bought out ceramics company ceradyne. a government agency reports findin a number of false labels on supplements. according to investigators, 20% of 127 weightloss and immune-boosting supplements carry labels with illegal claims. there were even products claiming to cure or prevent cancer or diabetes or helping with hiv or aids. consumers buy up to $20 billion in supplements online and in stores. the robust apartment rental market is starting to crack as home buying steps up. apartment occupancies inched up in the third quarter. more americans are deciding to buy homes as mortgage rates drop to record lows. the 30-year fixed is 3.40%. last week, home buying applications rose 4%. re-fis soared 20%. mortgage rates are falling as the federal reserve continues to buy mortgage- backed securities to stimulate the economy. the apple rumor mill is buzzing with word of a mini ipad. reports say "mass production" of a smaller ipad is in full swing. the wall street journal says the mini pad will likely be released this month. meanwhile, if you ar
Search Results 0 to 5 of about 6